Sunday 24 March 2013

Latest Retail News – 24/3/2013

Latest Retail News – 24/3/2013 
1. Payless Shoes purchased by its US namesake, Payless Shoesource. 
2. Online luxury retailer, Net-A-Porter, launches Hong Kong website and distribution centre to service Asia-Pacific region. 
3. Visa now requires retailers to limit credit card surcharges to as little as 1c. 
4. The world’s largest duty-free shopping mall to open in Hainan, China. 
5. David Jones report 14% fall in first half profit due lower sales and higher spending. 
6. Brisbane’s Queen St. mall to get $70m retail redevelopment. 
7. Woolworths joins USA’s Walmart and UK’s Tesco as the most valuable domestic retail brand. 
8. Webjet takes over Asian focussed travel website Zuji. 
9. Swedish fashion giant H&M announces it will open its first Australian store in 2014. 
10. Premier Investments (Just Jeans, Portmans etc.) announce 21% profit lift for first half. 
11. US based outdoor clothing retailer, Timberland, opens first Australian store in Chapel St.